First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 465,209 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 401,381 shares.The stock last traded at $18.8450 and had previously closed at $18.87.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
The business has a 50-day moving average price of $19.08 and a 200 day moving average price of $19.17.
Institutional Trading of First Trust Institutional Preferred Securities and Income ETF
Several hedge funds and other institutional investors have recently modified their holdings of FPEI. EverSource Wealth Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at approximately $29,000. Greykasell Wealth Strategies Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $88,000. Cullen Frost Bankers Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $163,000. Valmark Advisers Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at approximately $192,000. Finally, Gaddis Premier Wealth Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at $199,000.
About First Trust Institutional Preferred Securities and Income ETF
The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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